The Commercial Kitchen Knives Market will grow at a CAGR of over 5 % by 2023

LONDON, Dec. 4, 2018 /PRNewswire/ -- 111 pages, November 2018

About this market
The emergence of newer materials in the manufacturing of commercial kitchen knives is proving to be advantageous for companies in the process of product development. Of all, one such new material that's gaining popularity and being used widely to manufacture kitchen knives is powdered steel, that improves the sharpness of the blade. The method is called powder metallurgy that uses various grades of steel such as R2 and SG2. Some of the key vendors that offer commercial kitchen knives made from powdered steel are ZWILLING J.A. HENCKELS, Tojiro, and Kai Group. These innovations in the production are driving the emergence of better products that cater to needs of end-users and consequently boosting the demand for commercial kitchen knives. Technavio's analysts have predicted that the commercial kitchen knives market will grow at a CAGR of over 5 % by 2023.

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Market Overview
Increased demand for customized commercial kitchen knives
Customization is growing in demand and popularity in the commercial kitchen knives market. From handles made of unique materials to knives with different quality of blades, many chefs and end-user establishments today ensure that the commercial kitchen knives they use are ergonomically designed and significantly caters to their needs. Consequently, several commercial kitchen knives manufacturers provide a customization option, which is expected to be one of the major drivers for the growth of the market.
Increasing steel prices
Steel is an important commodity in the manufacture of commercial kitchen knives. Steel is used in various forms for preparing blades of commercial kitchen knives. As steel prices are volatile, the fluctuation in steel prices can affect the supply chain of knife manufacturing.
For the detailed list of factors that will drive and challenge the growth of the commercial kitchen knives market during 2019-2023, view our report.

Competitive Landscape
The commercial kitchen knives market appears to be fragmented with several companies present in the market and the competition is getting fierce with all companies focusing on improving their market positions through innovations. The use of new materials and technologies in knife manufacturing and the increasing demand for customization are factors that are poised to provide immense opportunities for companies. Dexter-Russell, Kai Group, Victorinox, Wüsthof Dreizackwerk, and ZWILLING J.A. HENCKELS are some of the top knife manufacturers covered in the report.
'With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities. Several companies are focusing on developing commercial kitchen knives with newer materials such as powdered steel, which is attracting consumers to purchase new products with innovative materials.'

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